Below are the most common questions asked of our search team. If you have additional concerns, please don’t hesitate to send us an email at email@example.com.
What is a retained search?
A retained search is a professional service whereby a company pays a fee to the executive search firm while it manages the entire recruiting process to fill the open senior level position.
What is the fee?
The retained search fee is typically a percentage of the first year base salary or an agreed upon fixed dollar amount. A portion of the fee is paid upon signing the search contract, a second payment is due while the search for candidates is being conducted, and a final payment is due once the candidate starts their new position with our client.
Why consider a retained search versus a contingent search?
The retained search firm works in complete partnership with the client to seek out the best group of candidates to be considered for the CFO or Controller position. The retained firm has committed to getting the position filled. In a contingent recruiting relationship, there are times whereby the recruiter may be competing with the client for candidates.
Why not try to fill the position on my own?
There are circumstances where we make this recommendation to a potential client. Our years of experience in finance and recruiting has taught us that not every senior finance opening is suited for a retained search and we will be open and honest with you about that when discussing your open position.
Why does it take more than a month before the client can interview candidates?
Our retained search process is designed to provide the best group of three to five candidates from our process of finding and evaluating candidates, not the first three to five individuals we find that we think could be a match for our client. It takes time to conduct multiple interviews, especially when reaching out to strong performers who are busy providing finance and accounting work to their current employer.
“Thanks to Jeff for improving the quality of our financial reporting so that we could pass the due diligence requirements for a major transaction.”-- Nick Goyak, General Counsel, Powin Corporation
“We have been so grateful to have Robert from your consulting team as part of Oiselle. He has truly been a difference maker.”-- Sally Bergeson, Founder + CEO, Oiselle
“CFO Selections does an exceptional job of getting to know both their candidates and their clients. This paid dividends in my case as Alex brought a relocation opportunity to me after working with me on another position. It turned out to be a great fit professionally and personally. This would not have happened had Alex not spent the time with me up front, stayed in touch, and reached out when he identified the potential opportunity.”-- Sean Tallarico, Controller, Pope Resources/Olympic Resource Management
“CFO Selections has sent us the perfect person to help streamline our processes, evaluate our financial product and personnel and respond to questions that were beyond basic bookkeeping. We love having her as part of our team!”-- Toyan Copeland, Co-owner, The Copeland Group
“CFO Selections delivered the finance professional we were looking for. This individual not only provides the technical expertise we need but also is an excellent fit with our corporate culture.”-- Andy Skipton, CFO, Logos Bible Software
“When we needed specific skills for a project, CFO Selections was able to quickly find someone who was a great fit for both our project and our company. We saved months of recruiting and got help on the terms and timeline we needed.”-- Bob Pritchett, President/CEO, Logos Bible Software
“My recruiting and HR team made the comment that CFO Selections is one of the top two executive search firms they have worked with in all their years of recruiting. This is high praise from an experienced team.”-- Lynn Takaki, VP – HR, Precor Incorporated
“Our short term consultant filled our urgent need and we also ended up being able to hire a stellar candidate thanks to Rich’s help in the search; Leann is the perfect technical and cultural match for us.”-- Martinique Grigg, Exec. Director Mountaineers
“The outsourced CFO is an ideal, cost effective solution for many of our small and mid-sized clients that don’t yet need a permanent financial executive on staff.”-- Mike Gano, Managing Partner, The Partners Group
A charitable foundation providing time, talent, and treasure to foster children within the communities CFOS Selections serves.
Read through our corporate press releases to keep up on CFO news and recent placements.